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Ringgit falls to new record low of 2.97 to Singdollar ahead of foreign reserves

Friday, August 21, 2015 - 13:09

The Malaysian ringgit fell to a new record low against the Singapore dollar on Friday (Aug 21) as investors awaited foreign exchange reserve data for signs on how much ammunition its central bank has left to defend the currency.

PHOTO: REUTERS

[SINGAPORE] The Malaysian ringgit fell to a new record low against the Singapore dollar on Friday (Aug 21) as investors awaited foreign exchange reserve data for signs on how much ammunition its central bank has left to defend the currency.

Against the Singdollar, the ringgit was trading at a new all-time low of 2.9708 at about 12pm from its close of 2.9463 on Thursday.